A Major Textile Business Reports Over $5 Billion in Profits After Five Months, Achieving 50% of Annual Target

Vietnam-based textile and garment company, Thanh Cong Textile Garment Investment and Trading Joint Stock Company (TCM), has released its business results for May 2025 and the first five months of the year.

The company reported a revenue of over VND 309 billion in May 2025, a 1% increase from the same period in 2024. Meanwhile, its after-tax profit reached VND 29 billion, a 9% surge year-on-year.

A breakdown of the revenue sources reveals that garment products accounted for 72.7%, fabric contributed 20.6%, and yarn made up 5.4%. Additionally, exports dominated the sales, with the Asian market taking the lion’s share at 59% of total revenue. Japan and South Korea were the key contributors, with 16.5% and 14.5% respectively. The American market followed closely with a 35% share, nearly 20% of which came from the United States alone. Meanwhile, the European market accounted for 5.2% of the total revenue.

For the first five months of 2025, TCM’s revenue reached nearly VND 1,608 billion, up 7% from the same period in 2024, and approximating 36% of the yearly plan. The after-tax profit for this period was almost VND 139 billion, a 25% increase year-on-year, and it is estimated to fulfill 50% of the annual plan.

These achievements are set against the backdrop of a recovering Vietnamese textile industry. In the first five months of 2025, the industry’s total export turnover reached an estimated US$ 17.58 billion, marking a 9% increase compared to the previous year. Garment exports witnessed the most significant growth, climbing by 11.6% to touch US$ 13.8 billion.

As of now, the company has secured nearly 80% of the quarterly revenue plan for Q3 2025 and is in the process of acquiring orders for Q4 2025.

Given the volatile global economic landscape, particularly the impact of US trade policies on the textile industry, TCM is actively pursuing market diversification. The company is focusing on expanding its presence in the EU, CPTPP, and Middle Eastern and South American markets to counterbalance potential order shortages arising from US tariff policies.

Additionally, TCM intends to enhance product diversification, especially in high value-added segments. The company will also strive to boost productivity, optimize costs, and develop the domestic market to deliver increased value to its shareholders and investors.

In the stock market, TCM’s shares are currently trading at around VND 28,800 per share, reflecting a 33% decline from the price at the beginning of the year.